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BUSINESS
Jun 5, 2002

Key gauge points to continuing economic expansion

The key gauge of the current state of the economy topped the boom-or-bust line of 50 percent in April for the second month in a row, the government said Tuesday in a preliminary report.
BUSINESS
Jun 5, 2002

Nation's economic chiefs to consider tax reforms

Japan's various economic chiefs were to meet Wednesday evening to discuss tax reforms, including tax cuts, according to Chief Cabinet Secretary Yasuo Fukuda.
JAPAN
Jun 4, 2002

Kansai to ask for continued airport funding

OSAKA — A delegation of Kansai business and government officials was to visit Tokyo on Tuesday to ask that funding for the second-phase of construction at Kansai International Airport be continued.
JAPAN / Media / MEDIA MIX
Jun 2, 2002

Who's got the scoop on the Shenyang Five?

The disagreement between the foreign ministries of Japan and China over the attempted defection by five North Koreans at the Japanese consulate in Shenyang was intensified by a comment made early on by LDP Chief Cabinet Secretary Yasuo Fukuda. During a press conference, Fukuda looked at the assembled...
JAPAN
Jun 1, 2002

Kawaguchi Cup-luck attire throws off beat reporters

Foreign Minister Yoriko Kawaguchi was decked out in a red "power suit" Friday, which usually means she plans to make an important, usually bad, announcement, such as sacking staff involved in scandals.
JAPAN
Jun 1, 2002

Upper House OKs laws in support of Kyoto pact

The House of Councilors on Friday approved statutes designed to put Japan on the path to meet its legally binding international obligations under the Kyoto Protocol, also given the legislative stamp of approval the same day.
JAPAN
Jun 1, 2002

Japan scrapes the barrel after latest downgrade

Moody's Investors Service Inc. on Friday dealt a long-expected blow to Japan's credit rating, lowering it two notches to A2. The world's second largest economy and largest creditor nation is now in the same league as Cyprus, Greece and Israel.
JAPAN
Jun 1, 2002

List-keeping officer faces punishment under SDF law

A Maritime Self-Defense Force lieutenant commander who allegedly compiled personal data on people requesting disclosure of agency information may be punished for violating the SDF law, Defense Agency chief Gen Nakatani said Friday.
COMMENTARY
May 30, 2002

Chirac chooses neutral team

PARIS -- Not so long ago, a majority of the EU members had leftist governments. Most have since shifted to the right, starting with Spain followed by Austria, Portugal, Italy, Denmark and, on May 16, the Netherlands -- despite very low unemployment figures under the Socialist Cabinet.
JAPAN
May 29, 2002

Chinese cops not told of treaty violation

A Japanese vice consul in Shenyang, China, did not warn local police -- who entered the consulate compound to remove five North Korean asylum seekers earlier this month -- that they were violating an international treaty, the Japanese government said Tuesday.
BUSINESS
May 28, 2002

Fukuda nixes talk of raising consumption tax

Prime Minister Junichiro Koizumi's administration is not planning to raise the 5 percent consumption tax in the near future, Chief Cabinet Secretary Yasuo Fukuda said Monday, dismissing a government panel's proposal to the contrary.
BUSINESS
May 28, 2002

Koizumi sits while tax reform tug of war rages

As the government intensifies discussions toward compiling a fundamental tax reform blueprint next month, a new priority is emerging -- using tax breaks as a tool to revitalize the economy.
JAPAN
May 25, 2002

LDP weighs law to close Diet loophole

The government and the ruling Liberal Democratic Party decided Friday to consider legislation that would force Diet members who are elected as a party's proportional representation candidate to step down if they leave their party, LDP Secretary General Taku Yamasaki said.
BUSINESS
May 25, 2002

DIC spends 9.05 trillion yen covering bad-loan losses

The government-run Deposit Insurance Corp. spent a combined 9.05 trillion yen in the four years to March 31 to enable dozens of failed banks to fully refund depositors, the Financial Services Agency said in a report Friday.
JAPAN
May 25, 2002

Japan still seeks to settle consulate discrepancies

Japan will seek further talks with China and South Korea over the case of five North Koreans whose attempt to seek asylum at a Japanese consulate in China was frustrated by local police, Prime Minister Junichiro Koizumi said Friday.
JAPAN
May 25, 2002

Diet session to be extended

Chief Cabinet Secretary Yasuo Fukuda on Friday expressed the government's intention to extend the current Diet session to ensure passage of flagship bills, including those related to emergency defense legislation.
BUSINESS
May 22, 2002

Tokyo government inspects Mizuho over ATM fiasco

The Tokyo Metropolitan Government started on-site emergency inspections Tuesday at Mizuho Bank's headquarters in Chiyoda Ward, four key branches and the bank's civil service business center to look into the computer fiasco that occurred with their April 1 launch under Mizuho Holdings Inc.
COMMENTARY / World
May 18, 2002

Koizumi overplays his hand in Shenyang

BEIJING -- There is a sharp contrast between Japan and China on how they have handled the incident of North Korean asylum-seekers in Japan's Shenyang consulate general. While Beijing has taken a low-key approach, Tokyo has blown the whole matter into crisis proportion, creating a nationwide sensation...
BUSINESS
May 18, 2002

Nonaka U-turn on postal bills may turn tide

Hiromu Nonaka, a heavyweight in the ruling Liberal Democratic Party and a vocal opponent of postal deregulation, said Friday that he will not obstruct the passage of the bills through the Lower House in the current Diet session.
COMMENTARY
May 17, 2002

Japan at its inconsistent worst

Japan's overheated reaction to the May 8 North Korean refugee incident at the Japanese consulate-general in Shenyang, northeast China, is worrying.
BUSINESS
May 17, 2002

Corporate failures rack up 1.48 trillion yen in liabilities

Liabilities left in the wake of corporate failures surged to 1.48 trillion yen in April, marking a year-on-year rise of 21.8 percent, credit research institute Teikoku Databank said Thursday.
COMMENTARY / World
May 17, 2002

Rude awakening for East Timor

JAKARTA -- The world's youngest democracy will have to stand on its own feet from Sunday. On this day East Timor will become the first newly independent nation of the 21st century. After more than 400 years of colonial rule by Portugal, 25 years of Indonesian occupation and over two years under U.N....
BUSINESS
May 17, 2002

Japan dismisses credit ratings

Yasuo Fukuda, the top government spokesman, said Thursday that credit-rating agencies such as Moody's Investors Service Inc. have underestimated Japan's economic strength.
JAPAN
May 15, 2002

Prince to go to Cup opener in Seoul

The Cabinet on Tuesday approved a proposal for Prince Takamado, a cousin of Emperor Akihito, and his wife, Princess Hisako, to attend the opening ceremony of the World Cup soccer finals on May 31 in South Korea.
BUSINESS
May 15, 2002

Shiokawa says economy has finally bottomed out

Finance Minister Masajuro Shiokawa on Tuesday said Japan's economy has hit bottom, citing improvements in exports, the price trend and the job situation.
BUSINESS
May 15, 2002

LDP approves two bills to break apart JNOC

The ruling Liberal Democratic Party gave the go-ahead Tuesday to two bills designed to effectively dissolve the debt-ridden Japan National Oil Corp. in March 2004.
COMMENTARY / World
May 13, 2002

Prime minister or nationalist puppet?

CAMBRIDGE, England -- The ink was barely dry on my April 21 Japan Times article "Koizumi trade pitch misses," which stated Prime Minister Junichiro Koizumi was thinking of going to pray at Yasukuni Shrine, when the news came that he had gone. We were told that he had felt the need "to mourn those who...
JAPAN
May 11, 2002

Japan cranks up pressure on China

Japan on Friday ratcheted up the pressure on China to hand over five North Korean asylum seekers who were dragged out of the Japanese consulate in Shenyang two days earlier by trespassing Chinese police.
BUSINESS
May 11, 2002

ODA commitment firm despite fiscal condition: Shiokawa

Despite budgetary constraints, Japan's basic attitude toward providing Asian countries with official development assistance remains unchanged, Finance Minister Masajuro Shiokawa said Friday.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past